Newsletter – May 2024
This month both the Australian and US share markets are trending upward, as indicated by the ASX 200 and S&P 500 indices. The residential property market has also displayed strength in consistent value growth in most capital cities, except for Melbourne. There have been mixed reactions from economists regarding the recently announced federal budget and its potential impact on inflation and interest rates. Read on to find out more.
When Is the Best Time to Retire and How?
Deciding when to retire is one of the most significant financial decisions you'll make. The right time to retire varies for everyone, influenced by personal circumstances, financial readiness, and lifestyle goals. Here, we'll explore key considerations for determining the best time to retire and how to prepare for a comfortable and fulfilling retirement.
The 2024-25 Federal Budget
The 2024-25 Federal Budget forecasts a surplus of $9.3 billion for 2023-24, with projected deficits in the subsequent years, specifically $28.3 billion next year. With its mix of immediate relief and strategic investments, the Budget aims to balance short-term economic pressures with sustainable growth. We’ll take a closer look at some of the specific announcements made in this Budget.
The Power of Employee Benefits to Businesses
In today’s competitive business environment, attracting and retaining top talent is more critical than ever for employers, especially small and medium-sized businesses. One effective strategy to distinguish your business as a preferred employer is through a compelling employee benefits program. But what does an excellent benefits package look like, and how can it enhance your business's appeal? Whether you're a business owner, hold a management position, or you’re an employee with proactive ideas, this article is for you.
Understanding Insurance in Your Self-Managed Superannuation Fund (SMSF)
When setting up a Self-Managed Superannuation Fund (SMSF), many are advised to consider how best to handle their insurance needs. While some opt to retain their previous retail or industry super fund accounts primarily for insurance purposes, others explore the potential of integrating insurance directly into their SMSF. In this article, we discuss why and how you can efficiently manage insurance through your SMSF.
Newsletter – April 2024
This month’s update zooms in on the Australian share market's stance amidst global market jitters, notes the dip in major US tech shares, and tracks the steady ascent of property values. We also break down the latest on inflation and interest rates to keep you informed on these important economic signals.
6 Practical Tips for Optimising Your Life Insurance (Death Cover)
Discussing death is challenging, but it's an unavoidable aspect of life. Taking the initiative to secure life insurance early on plays a crucial role in guaranteeing your family's financial well-being. It's important to tackle this process carefully. To assist you with that, we've put together six practical tips which cover everything from accurately assessing your coverage needs to the importance of regular policy reviews. Together, these six tips form a solid foundation for choosing life insurance that best serves you and your family.
5 Rules to Keep Your Business and Personal Money Healthy
In this article, we delve into the essential strategies for maintaining a healthy balance between your business and personal finances. From setting up robust budgeting practices to understanding the importance of separate emergency funds, and navigating the complexities of insurance coverage including health, life, and disability insurances, this guide is designed to safeguard both your personal well-being and business success. By illustrating practical steps and real-life scenarios, we aim to empower entrepreneurs with the knowledge to make informed financial decisions, ensuring a stable and prosperous journey in both their personal lives and business ventures.
Superannuation Contributions in 2024 and Beyond
Superannuation is more than just a pot of money for retirement. It is your lifeline when you transition from working life to retirement and a powerful tool for building wealth. Investments in super are concessionally taxed at 15% making it a smart choice for tax planning. As you approach retirement, having a Self-Managed Superfund (SMSF) and an investment strategy that involves franking credits become even more compelling as your superfund becomes tax free at retirement.